Adedapo Adesanya
By Adedapo Adesanya
Investors at the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange cashed in N20 billion in the 13th week of trading in 2023 last week, pushing the market capitalisation of the bourse to N1.03 trillion from the previous week’s N1.01 trillion.
Business Post reports that the 1.46 per cent expansion in the value of the unlisted stock exchange was influenced by seven stocks, as FrieslandCampina Wamco Nigeria Plc grew by 5.4 per cent to N80.09 per share from N76 per share.
Geo-Fluids jumped by 18.9 per cent to end the week at N2.14 per unit from N1.80 per unit, NASD Plc appreciated by 8.5 per cent to N14.10 per unit from N13.00 per unit, and Industrial and General Insurance (IGI) Plc increased its value by 10 per cent slide to end at 8 Kobo per share versus the preceding week’s 7 Kobo.
Further, Central Securities Clearing System (CSCS) Plc gained 6.1 per cent to end the week at N14.86 per share, in contrast to the earlier week’s N14.00 per share, Citi Trust Holdings Plc expanded by 1.9 per cent to close at N13.50 per unit compared with the previous week’s N13.25 per unit, while Afriland Properties Plc improved by 3.4 per cent to N2.16 per share from N2.09 per share.
At the close of business for the week last Friday, the NASD Unlisted Securities Index (NSI) rose by 1.46 per cent or 9.96 points to 741.40 points from 731.44 points.
On the activity chart, there was a 1,513.3 per cent increase in the total value of trades to N1.43 billion from N88.8 million, while the trading volume grew by 311.5 per cent to 362.8 million units from 88.2 million units, and on a year-to-date basis, investors have transacted 1 billion shares valued at N4.04 billion in 836 deals.
At the close of the week, Geo-Fluids Plc was the most traded stock by volume with 339.00 million units, while IGI Plc traded 20.08 million units.
In terms of value, Geo-Fluids Plc also topped with N722 million, VFD Group Plc followed with N670 million, and 11 Plc raked in N23 million.
